In parallel to the public consultation on ESRS simplification , EFRAG has launched a cost-benefit analysis (CBA) conducted by external consultants. The purpose of this CBA is to assess the potential costs and benefits of the proposed simplifications to the ESRS. This initiative follows the request from the European Commission to simplify and streamline the …
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EGRAG is inviting preparers to apply by 18 August to join the field test on “Gross vs Net” and the non-EU adequate wages methodology. The call for participation was launched by EFRAG alongside the consultation on the Amended ESRS Exposure Drafts on 31st July. The field tests aim to assess intended clarity and consistency by …
Tune in to the new episode of the EFRAG Update podcast to learn about the latest developments in sustainability and financial reporting. Highlights of this episode include: The release of the Exposure Drafts of the revised European Sustainability Reporting Standards (ESRS) The adoption of the Voluntary Sustainability Reporting Standards for non-listed Micro-, Small, and Medium-sized …
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The Feedback Statement provides a summary of the feedback received from stakeholders, including comments on EFRAG’s draft comment letter. It also explains how this input was used to inform the final position in EFRAG’s Final Comment Letter (FCL), submitted to the IASB on 1 April 2025 in response to the IASB’s Exposure Draft IASB/ED/2024/8 Provisions—Targeted Improvements (the ED). …
The July 2025 EFRAG Update is now available. This report summarises the public technical discussions and decisions taken at EFRAG in the past month, open consultations, future events and vacancies. This month’s highlights include: The release of the Exposure Drafts of the revised European Sustainability Reporting Standards (ESRS) The adoption as a recommendation of the …
EFRAG publishes today the revised and simplified Exposure Drafts of the European Sustainability Reporting Standards (ESRS), launching a 60-day public consultation survey to gather feedback from stakeholders across the EU corporate reporting ecosystem. This major step follows the European Commission’s Omnibus initiative and its formal request to EFRAG in March 2025 to deliver a critical …
EFRAG welcomes the European Commission’s adoption in the form of Recommendation for the Voluntary Sustainability Reporting Standard for non-listed Micro-, Small-, and Medium-sized Enterprises (VSME) released by EFRAG in December 2024. This Standard, developed by EFRAG for undertakings with less than 250 employees, as part of the 2023 SME Relief Package (Action 14), provides a …
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EFRAG has published its Draft Comment Letter (‘DCL’) on the IASB’s Request for Information (‘RFI’) IASB/RFI/2025/1 Post-implementation Review (‘PIR’) of IFRS 16 Leases (‘IFRS 16’ or ‘the Standard’). Comments on EFRAG’s DCL are requested by 30 September 2025 In the DCL response, EFRAG notes that the Standard is generally working well – especially for straightforward …
Eager to gain valuable work experience in the fast-moving environment of sustainability reporting? Then apply to be our new intern and unlock your career! EFRAG is now accepting applications for its Sustainability Reporting Internship, starting in September 2025 at its headquarters in Brussels, Belgium. This full-time, six-month opportunity (with potential renewal) offers recent graduates and …
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EFRAG launches its new “EFRAG 2025 State of Play” portal — a live, interactive platform presenting key insights from its latest market study on the early implementation of the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD). The portal provides access to detailed results via a statistics dashboard and repository of …